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Updated 10 months ago on . Most recent reply

Lex M.'s profile image
Lex M.'s profile image
Lex M.
  • from Austin TX, United States
  • Member since Jul 28, 2009
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Lex M.'s profile image
Lex M.'s profile image
Lex M.
  • from Austin TX, United States
  • Member since Jul 28, 2009
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Lex M.
  • Austin TX, United States
0
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Creative Real Estate Financing

Start Mortgage Servicing Company?

Lex M.
  • Austin TX, United States
Posted

Hi There,

Has anyone started a mortgage servicing business in Texas? Anything that you wish you knew when you started or anything that you would do differently? 

Thank you

Austin, Texas
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Jamie Bateman's profile image
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Jamie Bateman
  • Investor
  • from Baltimore County, MD
  • Member since May 23, 2014
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Jamie Bateman's profile image
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Jamie Bateman
  • Investor
  • from Baltimore County, MD
  • Member since May 23, 2014
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Jamie Bateman
  • Investor
  • Baltimore County, MD
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Jamie Bateman
  • Investor
  • Baltimore County, MD
Replied
Quote from @Chris Seveney:

@Lex M.

@Jamie Bateman- you want to take this one?

I would recommend against starting a servicing company unless you have atleast 1,000 loans.

 How much time do you have? Many lessons to share, for sure. Like @Chris Seveney said, focus on revenue first, then growth later. You need the income before you chase licenses. (I am speaking from the owner-occupied servicing space.)

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